STOCKS TELEGRAPH

Tag: CrowdStrike Holdings

  • CrowdStrike Holdings Inc. (CRWD) stock Bullish After Hours on Beat Fiscal 2022 Results

    On March 09, CrowdStrike Holdings Inc. (CRWD) declared its Q4 and fiscal 2022 financial results, which ended on January 31, 2022. Consequently, the stock continued to rise in the after-hours with increased momentum.

    Source: Plus500

    During the regular trading session, the stock saw an active volume of 9.29 million shares, which was 212% of the average. The stock traded in a range of $157.67 and $171.08 before closing the session at $169.79. Thus, CRWD was able to increase by 8.31% during the session. It seems that investors were looking forward to the earnings with positive expectations. And hence, following the announcement, the stock surged in the after-hours as it added a further 13.55%. Therefore, CRWD stock was trading at $192.79 apiece in the after-hours as 2.09 million shares exchanged hands.

    The cybersecurity products and services provider, CrowdStrike Holdings Inc. was founded in 2011. Currently, the company has a market capitalization of $35.96 billion with its 208.21 million outstanding shares. Having lost 17.07% year to date, CRWD stands at a fie-day loss of 15.84%.

    CRWD’s Fiscal Q2 2022

    In the fiscal Q2 2022, the company had total revenue of $431.0 million, which marks an increase of 63% YOY.

    Moreover, CRWD had a non-GAAP net income of $70.4 million or $0.30 per diluted share in the quarter. Comparatively, the company had $31.6 million or $0.13 per share in Q4 fiscal 2021.

    Fiscal 2022

    In fiscal 2022, the company’s total revenue increased by 66% YOY to $1.45 billion.

    Furthermore, the non-GAAP net income was $160.7 million or $0.67 per diluted share in fiscal 2022. This compares to $62.6 million or $0.27 per share in the previous year.

    CRWD’s Future Outlook

    For fiscal Q1 2023, the company expects a non-GAAP net income of $52.0-$56.7 million on revenue of $458.9-$465.4 million. The expected diluted EPS for the quarter is $0.22-$0.24.

    Additionally, for fiscal 2023, CRWD expects non-GAAP net income of $251.1-$273.6 million on revenue of $2,133.1-$2,163.2 million. The expected diluted EPS for fiscal 2023 is $1.03-$1.13.

    CRWD Company News

    On March 08, the company shared updates regarding its Humio log management platform that enables complete real-time observability for all streaming logs. Humio has set the standard for data ingestion by achieving a benchmark of more than one-petabyte data ingestion per day.

    On March 07, a new Critical Infrastructure Defense Project for free cybersecurity services to vulnerable industries was announced by Cloudflare, CRWD, and Ping Identity

  • CrowdStrike Holdings (CRWD) shares sky scarping in the AH trading following upbeat earnings results

    CrowdStrike Holdings (CRWD) shares traded dramatically as higher as 12.1% to $159 in the after-market trading, following the cloud-based security software provider reported stronger-than-expected financial performance. 

    CrowdStrike (CRWD) posted sales of $232.5 million for its fiscal third quarter ended October 31, up to 86 percent from a year earlier, and well ahead of its guidance range of $210.6 million to $215 million. Non-GAAP profits of 8 cents a share were announced by the firm, topping its guidance range between break-even and a loss of a penny a share. There was $907.4 million in annual recurring sales, up 81 percent from the same point a year ago.

    CrowdStrike has sales of $245.5 million to $250.5 million for the January period, with a non-GAAP profit of 8 to 9 cents a share, ahead of the previous Street deal at $230.3 million and a penny a share.

    CrowdStrike raised its full-year outlook to come between $855 million and $860 million in sales and 21 to 22 cents a share in non-GAAP earnings, from a previous forecast of $809.1 million to $826.7 million and 2 to 8 cents a share in non-GAAP income.

    CrowdStrike’s CFO Burt Podbere added that for the third consecutive quarter, CrowdStrike reported non-GAAP operational profitability and created positive operating and free cash flow for the fifth straight quarter.